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There are several reasons why you should consider getting jewelry insurance as soon as you purchase the ring.

You never want to think about the possibility of losing something so important to you but it is better to plan the unlikely event.

Most couples invest a lot of money and time in picking an engagement ring. Making sure that you can recoup that prized possession is important.

Reason #1 to get jewelry insurance for your engagement ring

Getting your money back! It is simple if you lose your engagement ring or even worse get it stollen being able to replace it is critical. If you are able to replace it the lose will not be coupled with additional pain of a financial loss as well.

Reason #2 to get jewelry insurance for your engagement ring

Minimizing emotional distress. An engagement ring certainly has sentimental value plus a monetary value. While you cannot get the same exact ring back being able to replace it will minimize your emotional distress.

Reason #3 to get jewelry insurance for your engagement ring

To save your relationship. Most women prefer a partner with a plan who thinks ahead. If the ring is lost you do not want to tell her that you don’t have a plan. A back up plan can be the key to keeping your spouse happy!

Reason #4 to get jewelry insurance for your engagement ring

Sometimes jewelry breaks! You may not actually misplace the ring or get robbed but the diamond could just fall out. This actually happened to my wife’s wedding band. One of the diamonds fell out randomly. Our insurance covered it.

Reason #5 to get jewelry insurance for your engagement ring

Sh!t Happens! You just never know and it always good to have a back up plan. I know this last one is blunt but it is so true.

You should always purchase the insurance before your propose!

Many guys and gals make the mistake of waiting till after the proposal to get insurance. Why is this a bad idea? The minute you leave the jewelry store that ring is yours. That ring may have cost your 3 months in salar or even more! Imagine the worst case scenario. You lose the ring before you propose and you do not have insurance. Now you are out the money and have to completely alter your proposal plans. This also means you may have to explain to your future wife why you have to cut back on expenses.

Many people also travel or plan elaborate proposals. Losing the ring before a trip or pre-booked proposal could cause even greater financial repercussions if you cannot quickly replace it.

Options for Jewelry Insurance

• Jewelry insurance companies: These companies specialize in the category and are the number one source. They likely offer the best coverage and most complete coverage for lose or damage.
• Renters and homeowners insurance:  You can discuss with your renters or homeowners insurance if they cover the loss of your ring. Many may. Please be sure to examine the deductible vs. the coverage and the value of your ring.